10th Mar 2022 19:32
Gore Street Energy Storage Fund PLC - London-based fund investing in energy storage assets - Will acquire a portfolio of eight energy storage assets in Texas from Perfect Power Solutions Texas LLC. Portfolio comprises eight 9.9 megawatts storage projects totalling 79.2 megawatts.
Sum for acquisition has not been disclosed.
"We are pleased to be able to announce a further landmark international acquisition shortly after our entry into the energy storage market in continental Europe, highlighting the manager's ability to acquire value accretive assets across the globe. The acquisition further underpins our push into international markets, where they exhibit the same favourable characteristics as in GB and Ireland, meeting our returns criteria," says Alex O' Cinneide, CEO of investment manager.
Current stock price: 117.00
12-month change: up 11%
By Dayo Laniyan; [email protected]
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